As a seasoned crypto investor with years of experience navigating the ever-evolving landscape of digital assets, I find myself consistently impressed by Bybit’s strategic moves to bring decentralized finance (DeFi) closer to mainstream adoption. The recent integration of Tonstakers into their Web3 Wallet is a testament to this commitment.
Bybit, one of the world’s top two cryptocurrency exchanges, is enhancing its Decentralized Finance (DeFi) offerings with a user-focused innovation. As declared, the platform has recently incorporated Tonstakers, a leading liquid staking solution for the TON blockchain, into its Web3 Wallet.
Bybit Integration Expands TON Staking Access to 130M Users
Bybit’s recent action simplifies and widens the availability of staking for users, moving decentralized finance one step closer to mainstream use. This integration allows users to easily stake Toncoin (TON) within the Bybit Web3 Wallet, instantly earning Tonstake Liquid Staked Toncoin (tsTON) as a reward.
The integration enables 130 million TON users to stake their tokens directly through the Bybit Web3 Wallet, broadening the scope of DeFi and reaching a wider audience. Emily Bao, Head of Bybit Web3, expresses her enthusiasm about deepening Bybit’s relationship with the TON blockchain.
Bybit’s TON staking initiative welcomes Tonstakers as its first partner, providing users an effortless route to enjoy the perks of liquid staking. The staking platform boasts more than $260 million in Total Value Locked (TVL) and a robust market standing.
By working together with Tonstakers, Bybit is taking another step towards making a world where decentralized finance is accessible to all. This collaboration underscores Bybit’s commitment to the Web3 movement, emphasizing simplicity and accessibility as its cornerstone values.
The Future of Staking: Accessible, Simple, and Rewarding
Bybit’s Web3 Wallet is not limited to boosting Toncoin staking; it also facilitates staking for various other assets such as Ethereum (ETH), Tether’s USDT, Circle’s USDC, bbSOL, and SUI.
Bybit streamlines staking by providing automated compounding of rewards, offering annual returns between 3% and 5%. In doing so, this cryptocurrency trading platform establishes itself as a trailblazer in simplifying decentralized finance (DeFi) access, becoming an increasingly attractive destination for both seasoned crypto enthusiasts and newcomers within the ecosystem.
The platform currently boasts well over 130 million unique wallet users, largely because of its appealing services. It has also partnered with over 30 ecosystems, fostering a thriving community and broadening the reach of Web3 technology.
In other news, rival trading platform Bitget has recently announced its plans to merge its Bitget Wallet Token (BWB) with its native token, Bitget Token (BGB). This move aims to simplify operations, increase utility, and connect centralized and decentralized crypto platforms.
According to previous reports from Coinspeaker, Bitget is set to initiate a quarterly burn program starting from next year. This program involves burning more than $6 billion worth of BGB tokens over the long term.
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2024-12-27 22:24